Context, Parasite

Question 1

__ of South Korea’s manufacturing facilities were destroyed from the war

Answer 1

50%

Question 2

__ of the population lived in poverty

Answer 2

40%

Question 3

Most Koreans were _______

Answer 3

illiterate

Question 4

When did the ‘Miracle on the Han River’ take place?

Answer 4

1953-1997

Question 5

The difference of GNP from 1962 to 1996

Answer 5

$2.5bn (more than double)

Question 6

The difference in exports of manufactured goods

Answer 6

It increased by 62.1%

Question 7

How did the government stimulate the miracle?

Answer 7

“State-guided capitalism”

Question 8

What are chaebols?

Answer 8

Trans-nation corporations handpicked by the government, often family-owned.

Question 9

What support were chaebols given?

Answer 9

Loans, subsides and tax breaks

Question 10

In 1985, the top 10 Korean companies accounted for ___ of the total exports from Korea

Answer 10

72.2%

Question 11

How did education change post-war?

Answer 11

Everyone could get an education and the government promoted the idea that it was essential

Question 12

What became the main priority for families?

Answer 12

Getting a STEM subject degree

Question 13

The average working hours in South Korea

Answer 13

68 hours per week (EXTREME work ethic!)

Question 14

South Korea has received ____ of financial aid from the USA

Answer 14

$2.3 billion

Question 15

How did Bong Joon-Ho describe the younger generation?

Answer 15

“Korea, on the surface seems like a very rich… country…the younger generation…feel…despair”, 2020

Question 16

What is “Hell Joseon”

Answer 16

Korean teenage slang which suggests living in hell would be akin to living in Modern Korea (Joseon was an old dynasty)

Question 17

Percentage of students who go to university

Answer 17

70%

Question 18

Percentage of students who go to sky universities

Answer 18

2%

Question 19

Hagwon is…

Answer 19

extra school for CSAT (is the norm)

Question 20

_ of 10 students receive extra lessons

Answer 20

8

Question 21

The younger generation are _______ the job market

Answer 21

‘overcrowding’

Question 22

The fraction of Korean students who have suicidal thoughts over academic failure

Answer 22

1/3

Question 23

South Korea has the OECD’S highest whats?

Answer 23

Private spending on education and suicide rate

Question 24

What is the spoon class theory?

Answer 24

Belief that economic status is determined by their parents’ assets.

Question 25

Banjihas make up __ of houses in Seoul

Answer 25

5% (200,000) so people have to compete for space

Question 26

The pillars of capitalism?

Answer 26

Private Ownership, Profit, Free Market and Competition

Question 27

Capitalism is all about…

Answer 27

Rational self-interest (“neither can obtain what they want without addressing what the other wants”) to achieve economic prosperity

Question 28

What is liberalism?

Answer 28

A belief in protecting and enhancing the freedom of the individual

Question 29

Classical Liberalism emphasised…

Answer 29

Limited government intervention, individual liberty and free markets (laissez-faire)

Question 30

Social Liberalism endorsed…

Answer 30

Social justice, government intervention for equality and common good (e.g welfare state)

Question 31

Neoliberals believed…

Answer 31

Reducing government intervention fosters competition, innovation and economic prosperity.

Question 32

Pillars of neoliberalism?

Answer 32

Privatisation, deregulation, free trade and tax cuts

Question 33

In capitalism/neoliberalism, power and wealth are concentrated…

Answer 33

by a rich minority

Question 34

Neoliberalism worsens social and economic inequalities by…

Answer 34

favouring the rich and impacting the most vulnerable through cutting spending and reducing social welfare programmes.

Question 35

Privatisation limits…

Answer 35

access and affordability

Question 36

Deregulation can lead to…

Answer 36

financial crises and labour exploitation